Argentine Default Drama Nears Critical Stage

TODAY: July 28, 2014 PUB DATE: July 28, 2014

By Taos Turner and Ken Parks BUENOS AIRES--Argentina could make unfortunate history this week if it defaults on its foreign debt for the second time in 13 years as a showdown with creditors comes to a head. When Argentina last ...

Sweden Resumes Financial Aid to Uganda

TODAY: July 28, 2014 PUB DATE: July 28, 2014

By Nicholas Bariyo KAMPALA Uganda--Sweden has resumed financial aid to Uganda, less than six months after the Scandinavian country suspended its support following the enactment of a severe anti gay law. The Swedish embassy in Kampala said Monday that Sweden ...

China Criticizes U.S. Move on Solar-Equipment Imports

TODAY: July 28, 2014 PUB DATE: July 28, 2014

By Wayne Ma BEIJING--China on Monday hit back at the U.S. for taking another step to close a loophole that allowed some Chinese solar-equipment makers to avoid tariffs. China's Ministry of Commerce, citing an official it didn't identify, said the ...

Berlin Prepares for Russia Sanctions

TODAY: July 28, 2014 PUB DATE: July 28, 2014

BERLIN--German leaders sought to prepare the public for the consequences of sanctions against Russia ahead of a week in which the European Union is expected to escalate its economic response to the crisis in Ukraine. Ministers in Chancellor Angela Merkel's ...

Dollar Nearly Flat Against Rivals Ahead Of US Econ Data, FOMC

TODAY: July 28, 2014 PUB DATE: July 28, 2014

By Hiroyuki Kachi The dollar was nearly flat against the yen and the euro in Asia trade Monday, with investors sitting on sidelines ahead of major events later this week, including the Federal Open Market Committee meeting and U.S. jobs ...

Berlin Prepares for Russia Sanctions -- Update

TODAY: July 28, 2014 PUB DATE: July 28, 2014

By Andrea Thomas BERLIN--German leaders sought to prepare the public for the consequences of sanctions against Russia ahead of a week in which the European Union is expected to escalate its economic response to the crisis in Ukraine. Ministers in ...

Italian Manufacturing Business Confidence Down Slightly in July

TODAY: July 28, 2014 PUB DATE: July 28, 2014

By Liam Moloney ROME--Italian manufacturing business confidence fell slightly in July, for the second month, pulled down by a worsening outlook for orders, national statistics institute Istat said Monday. Confidence among Italy's manufacturers slipped to 99.7 in July from June, ...

Fujitsu Looking at First April-June Operating Profit

TODAY: July 28, 2014 PUB DATE: July 28, 2014

TOKYO -- Fujitsu is expected to post a group operating profit of slightly more than 5 billion yen ($48.6 million) for the April-June period. It will be the company's first April quarter profit in a while, the Nikkei reported Sunday. ...

Thailand Swings to Trade Surplus in June

TODAY: July 28, 2014 PUB DATE: July 28, 2014

By Warangkana Chomchuen BANGKOK--Thailand's trade balance swung to a surplus of $1.79 billion in June from a deficit of $809 million in May, the Ministry of Commerce said Monday, as shipments bound for overseas picked up. Exports in June rose ...

Danone May Sell Medical Nutrition Unit to Hospira -- FT

TODAY: July 28, 2014 PUB DATE: July 27, 2014

Danone S.A. (DANOY, BN.FR) is in talks to sell its medical nutrition unit to Hospira Inc. (HSP), The Financial Times reports Sunday citing people familiar with the situation. According to the report, Hospira would acquire the unit in an almost ...

India Blocks WTO Agreement to Ease Trade Rules

TODAY: July 28, 2014 PUB DATE: July 27, 2014

By Eric Bellman and Peter Kenny GENEVA--India effectively blocked an international agreement on easing trade regulations last week, saying the effort to promote global trade should be linked to food security. At a meeting of the World Trade Organization in ...

Berkshire Energy's AltaLink Buy Clears First Hurdle

TODAY: July 28, 2014 PUB DATE: July 26, 2014

Berkshire Hathaway Energy's application to buy SNC-Lavalin Group Inc.'s AltaLink power transmission unit has received preliminary approval, Canadian Industry Minister James Moore said, noting the deal still needs approval from the Alberta Utilities Commission. The 3.2 billion-Canadian-dollar ($2.92 billion) deal ...

Germany Calls for Swift Sanctions On Russia After Downing of MH17 -Report

TODAY: July 28, 2014 PUB DATE: July 26, 2014

By Andrea Thomas BERLIN--German Foreign Minister Frank-Walter Steinmeier called for the swift implementation of sanctions against sectors of the Russian economy, signaling that the downing of a Malaysia Airlines jet in eastern Ukraine and Moscow's insufficient support of the Ukraine ...

EU Lines Up Sector-Wide Economic Sanctions on Russia -- Update

TODAY: July 28, 2014 PUB DATE: July 26, 2014

By Laurence Norman and Matthew Dalton BRUSSELS--Europe is coalescing behind a plan to impose wider economic sanctions on Russia as early as Tuesday, European Union officials said Friday. The movement came after a meeting of ambassadors from EU member states ...

IMF Urges Ukraine to Honor Emergency Funding Obligations

TODAY: July 28, 2014 PUB DATE: July 26, 2014

By Ian Talley WASHINGTON--The International Monetary Fund has urged Ukraine's fragile government to honor its bailout obligations, a sign the fund is concerned a breakdown in the country's coalition could jeopardize its emergency financing package. Ukraine's ruling coalition broke up ...

U.K. Output Rises 0.8% in Second Quarter, Passing Precrisis Peak

TODAY: July 28, 2014 PUB DATE: July 25, 2014

By Jason Douglas and Nicholas Winning LONDON--Britain's economy finally overtook its prerecession peak in the second quarter, official estimates showed Friday, more than six years after a global banking crisis caused a sharp downturn. The Office for National Statistics said ...

Russian Markets Shrug Off Interest Rate Rise

TODAY: July 28, 2014 PUB DATE: July 25, 2014

By Josie Cox and Chiara Albanese Russian markets showed only a muted reaction to the central bank's decision to raise interest rates for the third time in five months Friday, even though the move was largely unexpected. Economists and strategists ...

Oil Futures Rangebound, Nymex Crude Trades Flat

TODAY: July 28, 2014 PUB DATE: July 25, 2014

By Eric Yep Crude-oil futures moved in a narrow price range in Asian trade Friday after dropping overnight on high stockpiles of gasoline in the U.S. and as markets await tighter sanctions against Russia. On the New York Mercantile Exchange, ...

Brazil's Consumer Confidence Increases in July

TODAY: July 28, 2014 PUB DATE: July 25, 2014

By Rogerio Jelmayer SAO PAULO--Brazil's main consumer confidence index rose for the second consecutive month in July, due to signs of slowing inflation and the positive effects of the World Cup, the Getulio Vargas Foundation, or FGV, said Friday. FGV ...